Author: Stan Gilbertson
Posted: 2011-04-19 at 16:46:39
If the trade deficits stays in China favor. They will still want our debt , only
the interests is in question.. All currency will come home and buy goods,
services or debt. We don't have many goods or services to sell them, so that
leave bonds.
Stan G....
Whether you think you can, or you think you can't.... you are right.
-- Henry Ford
-----Original Message-----
From: profox-bounces@leafe.com [mailto:profox-bounces@leafe.com] On Behalf Of
Nicholas Geti
Sent: Tuesday, April 19, 2011 12:20 PM
To: ProFox Email List
Subject: Re: [OT] Americans duped on budget cuts
Obama has to borrow 1.5 Trillion by October to cover the budget items
already on the books. China is lightening up on U.S. bonds. We will have to
find another patsy to lend us the money. Or print more. Inflation has always
been the magic elixir for the govt. to avoid paying their debts; they pay
back with cheaper dollars. It looks good on paper but the lender does not
get back the value he started with; just more dollars.
The way the govt. calculates inflation is to include housing. House prices
are falling; viola, no inflation. It is all magic.
----- Original Message -----
From: "Michael Madigan" <mmadi10699@yahoo.com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Tuesday, April 19, 2011 12:35 PM
Subject: Re: [OT] Americans duped on budget cuts
> We're so f*cked.
>
> --- On Tue, 4/19/11, Ken Kixmoeller (ProFox)
> <foxhelp@information-architecture.com> wrote:
>
>> From: Ken Kixmoeller (ProFox) <foxhelp@information-architecture.com>
>> Subject: Re: [OT] Americans duped on budget cuts
>> To: "ProFox Email List" <profox@leafe.com>
>> Date: Tuesday, April 19, 2011, 10:42 AM
>> On Tue, Apr 19, 2011 at 7:56 AM,
>> Nicholas Geti <ngeti@optonline.net>
>> wrote:
>> > After promising to cut 100 BILLION dollars... the
>> "cuts" for this fiscal year were
>> > a paltry 352 MILLION dollars.
>>
>> Breaking News: Politicians lie! Details at 11.
>>
[excessive quoting removed by server]
_______________________________________________
Post Messages to: ProFox@leafe.com
Subscription Maintenance: http://leafe.com/mailman/listinfo/profox
OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech
Searchable Archive: http://leafe.com/archives/search/profox
** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.